Fidelity: Preventive rate cut policy helps boost valuations, raises the U.S. stock market to "overweight"

Fidelity International has upgraded the U.S. stock market to "overweight," as the Federal Reserve lowered interest rates to 3.75%-4.00% and maintained a preventive rate-cutting policy, indicating an intention to support the job market. Although U.S. inflation is above 2%, factors such as improved economic outlook and rate cuts have already been reflected in stock prices. Investors should focus on quality fundamentals, combining global high-quality dividend strategies with bonds to seek long-term attractive investment opportunities